Ahmedabad businessman loses ₹1.3 lakh in ATM card swap fraud

A 57-year-old businessman from Ahmedabad fell victim to an ATM fraud, losing ₹1.3 lakh over a span of three days after an unidentified person tricked him into handing over his debit card and PIN.

As per the complaint filed at Sola High Court police station, Rasikbhai Soni, a resident of Pavapuri Ghatlodia, visited an HDFC Bank ATM in Suryodaya Complex near Pavapuri Circle on November 22, 2024 around 6.30 pm. While attempting to withdraw ₹10,000, an unknown man approached him, offering help. Trusting the stranger, Rasikbhai handed over his Axis Bank ATM card and PIN. The fraudster withdrew ₹1,000 as a pretence and subtly swapped the original ATM card with another similar-looking Axis Bank card.

Over the next two days, between November 22 and 24, the accused withdrew ₹1,30,000 from Rasikbhai’s account in multiple transactions at different ATMs. The fraud came to light on November 25, when Rasikbhai’s nephew, Jigarbhai, checked the account balance at an Axis Bank branch in Sanand and discovered the unauthorised withdrawals. Shocked by the loss, Rasikbhai recalled the ATM incident and realised he had been deceived.

Following discussions with his family, Rasikbhai approached the police to lodge a complaint. The case has been registered under relevant sections, and an investigation has been initiated. Police officials are examining CCTV footage from the ATM and surrounding areas to identify the suspect.

Authorities have urged citizens to remain cautious while using ATMs and to never share their PIN with strangers. In case of suspicious activity, they are advised to report it to the bank or the police immediately.